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Nov 2, 2011
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as the new head of the ecb? >> mr. trichet and quite a flamboyant -- has been quite flamboyant. for an italian, mr. draghi is less flamboyant. a pragmatist, a man not given to want to be in front of house, shall we say. in that sense, a lot of difference. on substance, not so sure. he mayay be interested in buying out bonds, the toxic sovereign debts that mr. trichet has been reluctant to get involved in, and that will upset germany if he does. he will see things through a cold, analytical eye. >> what are the chances that the ecb will continue to buy up the eurozone bonds, accumulating more debt? >> mr. trichet had eliminated the bond-buying spree in his time. this was meant to stop very soon. the only thing we can go on right now is that mr. draghi said, about a week ago, that he would continue that methodology of trying to bring markets under control. for germany, that is inflationary. it is not what they want to see. it is not necessarily the way to go. >> let's talk about the greek referendum on the rescue
as the new head of the ecb? >> mr. trichet and quite a flamboyant -- has been quite flamboyant. for an italian, mr. draghi is less flamboyant. a pragmatist, a man not given to want to be in front of house, shall we say. in that sense, a lot of difference. on substance, not so sure. he mayay be interested in buying out bonds, the toxic sovereign debts that mr. trichet has been reluctant to get involved in, and that will upset germany if he does. he will see things through a cold,...
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the ecb staff magazine this month pays tribute to mr. trichet, but no sooner has one man gone, then it's hello to the new president, discreetly calming the storms. it zriems mario dag hi who takes over. from wall street to rome and now to the top of european economic. mario draghi's career has linked up to his predictable name, super mario. starting on tuesday he faces his biggest challenge to date running europe's central bank. born and educated in rome, mario draghi's held a string of top jobs, including at goldman sachs and the world bank. in 2005 he became governor of the bank of italy. managing inflation has been his goal. then by 2008 the crisis hit, the roles changed. now draghi was dealing with the banks. that became his top priority. >> we had two leading projects this year. one is the capital on one hand, and the other is we have to roll back the moral has zard that still prevails in the financial services industry. >> renowned as a savvy and likeable poll tish shann, draghi's knack for detail has won him friends and admirers.
the ecb staff magazine this month pays tribute to mr. trichet, but no sooner has one man gone, then it's hello to the new president, discreetly calming the storms. it zriems mario dag hi who takes over. from wall street to rome and now to the top of european economic. mario draghi's career has linked up to his predictable name, super mario. starting on tuesday he faces his biggest challenge to date running europe's central bank. born and educated in rome, mario draghi's held a string of top...
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Nov 19, 2011
11/11
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he says the ecb should be supporting the euro. angela merkel says that would cause inflation something to which the germans are allergic. differences on a number of areas. david cameron cannot take the lead because his country is not in the euro zone. the fate of the euro is being decided day-by-day on the financial markets. >> neo-nazis and terrorism were on the agenda here in berlin. it was a mix of damage control and strategy making. intelligence agencies have come under heavy fire this week after revelations that a neo-nazi group was able to carry out murder and bombing attacks for over a decade. " the government outlined the broad strokes of berlin's newest strategy to tackle the far right. the news came after a meeting of senior officials. a similar database listing had yielded positive results. >> it works very well. some of the information from various security authorities is brought together and analyzed. >> the plan calls for better cooperation between germany's federal police and domestic intelligence service. germany's
he says the ecb should be supporting the euro. angela merkel says that would cause inflation something to which the germans are allergic. differences on a number of areas. david cameron cannot take the lead because his country is not in the euro zone. the fate of the euro is being decided day-by-day on the financial markets. >> neo-nazis and terrorism were on the agenda here in berlin. it was a mix of damage control and strategy making. intelligence agencies have come under heavy fire...
WHUT (Howard University Television)
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Nov 24, 2011
11/11
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WHUT
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but there is -- little sign of germany or the ecb itself changing position. the bank is not there to print money. but how much of a jolt did germany feel yesterday when its debt agency had to retain nearly 40% of an auction of german bonds because of lack of demand. some analysts believe pressure on berlin could be building. and another idea it has rejected so far -- eurobonds issued jointly by all eurozone countries will certainly be discussed by the three leaders in strasbourg. >> i think in today's meeting we move closer rather than distancing from the. we are hearing from both sides of the german government is not ruling out eurobonds and so we are getting closer. >> germany, of course, has its own ideas, including far reaching treaty changes to make the rules which govern the eurozone much tougher. that will have to be part of any grand bargain which emerges. and it really does feel now like time is running out. president sarkozy has said that he and mrs. merkel will issue new proposals soon. the problem is, all the longer term talk about three changes i
but there is -- little sign of germany or the ecb itself changing position. the bank is not there to print money. but how much of a jolt did germany feel yesterday when its debt agency had to retain nearly 40% of an auction of german bonds because of lack of demand. some analysts believe pressure on berlin could be building. and another idea it has rejected so far -- eurobonds issued jointly by all eurozone countries will certainly be discussed by the three leaders in strasbourg. >> i...
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after the break, we'll learn more about the new man in the top job at the ecb. some people call him supermario. >>> hello and welcome back. you're watching "world business today." let's bring you the scene in cannes. it's in the second day of the g20 summit, the 20 leaders of the world's largest economies gathering there in the south of france at the time of unprecedented difficulty, especially for the euro zone. and france is hosting that summit. as you can see, we're seeing a number of the delegates arriving, the heads of state. we've had a head of state from india arriving and now we have other heads of state gathering there at the g20. >>> now, he may not have stolen the headlines from greece but the new head of the european central bank did make a splash on his first week on the job on thursday. former goldman sachs executive mar mario draghi. max foster has more on the man they're calling super mario. >> reporter: new leader, new direction. it made just two days for mario draghi to make an impact. >> the governing council decided to reduce the key ecb inte
after the break, we'll learn more about the new man in the top job at the ecb. some people call him supermario. >>> hello and welcome back. you're watching "world business today." let's bring you the scene in cannes. it's in the second day of the g20 summit, the 20 leaders of the world's largest economies gathering there in the south of france at the time of unprecedented difficulty, especially for the euro zone. and france is hosting that summit. as you can see, we're seeing...
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Nov 11, 2011
11/11
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would he advocate a stronger role for the ecb in saving countries like greece? >> well, at the moment, he hasn't really opened his cards in terms of exactly what it is he's going to do. i mean, he's only taking over today. what we do know and he has said during a speech yesterday, is that he will push through with the reforms that are necessary for greece to remain in the euro zone. he's saying that greece's future is with the euro zone. he is also saying that he will do whatever it takes to ratify the new bailout loan that greece had agreed in the end of october in order for that money to come through. he's also saying that he will make sure that the sixth installment of the previous bailout loan gets to greece. basically his next moves will be to do whatever it takes to keep greece into the euro zone, nina. >> okay. elinda joining us live from athens. many thanks for that. >>> let's take a look at how the markets finished the week in asia. mild gains across the board after thursday's really sharp sell-off largely on concerns about countries like greece and ita
would he advocate a stronger role for the ecb in saving countries like greece? >> well, at the moment, he hasn't really opened his cards in terms of exactly what it is he's going to do. i mean, he's only taking over today. what we do know and he has said during a speech yesterday, is that he will push through with the reforms that are necessary for greece to remain in the euro zone. he's saying that greece's future is with the euro zone. he is also saying that he will do whatever it takes...
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Nov 10, 2011
11/11
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CNN
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i am rather surprised by the ecb yet again. the ecb is, i believe, played its own strange role in presiding over this growing crisis in italy. the ecb has to stop buying substantial amounts of italian bonds to get yields down. the markets can't cope whitley blowing up in the same way greece did. >> after the experience of italy and greece, portugal and ireland, there's calls for greater fiscal union, particularly from germany right now. is this going to be the straw that breaks the camel's back in a sense on the euro? >> well, you know, i often think that the german authorities and some key policymakers behind the scenes have almost been trying to orchestrate this crisis, because the idea you've suggested is what the leading german thinkers actually argued all along back in '97, '98. you couldn't have a stable persistent -- without an eu political union to some extent. this crisis demonstrated that. the dilemma with that, of course, from simple economics, you're getting into the issues of democracies. and some countries might f
i am rather surprised by the ecb yet again. the ecb is, i believe, played its own strange role in presiding over this growing crisis in italy. the ecb has to stop buying substantial amounts of italian bonds to get yields down. the markets can't cope whitley blowing up in the same way greece did. >> after the experience of italy and greece, portugal and ireland, there's calls for greater fiscal union, particularly from germany right now. is this going to be the straw that breaks the...
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Nov 17, 2011
11/11
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dublin wants the ecb to sell eurobonds. some are opposed. they say it will only buy a little time, for which they will pay a higher price. kenny admitted there were divergent views on the issue, but both sides played them down. >> the economic prospects keep getting bigger -- dimmer. >> business is still brisk at most german companies, but survey respondents were pessimistic about expectations for the coming year. the global economic climate deteriorated again in november and is falling below the long- term average. the mood is downbeat in places other than europe, too. >> we are also seeing signs of deceleration in north america, where prospects have dimmed. nowhere on the globe do we see zero -- see clear signs of growth without problems. pace is slackening even in the threshold countries, although their economies continue to grow. >> the biggest problem is a lack of confidence in the policy makers. after that comes that -- high public debt and unemployment. >> the volatility was the name of the game on wednesday. we can start our look at
dublin wants the ecb to sell eurobonds. some are opposed. they say it will only buy a little time, for which they will pay a higher price. kenny admitted there were divergent views on the issue, but both sides played them down. >> the economic prospects keep getting bigger -- dimmer. >> business is still brisk at most german companies, but survey respondents were pessimistic about expectations for the coming year. the global economic climate deteriorated again in november and is...
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Nov 30, 2011
11/11
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he opposes extending the powers of the ecb to help member states. >> it would buy a few months relief but not solve any problems. >> some of his colleagues see things differently. sweden says the ecb should step up its role, given the low inflation risks in the eurozone. >> price stability is secure in europe, so there is removed -- room to maneuver. >> the eu finance ministers are doing all they can to save the common currency, the time to come up with a response is running out. >>> britain ground to a halt amid a public sector strike, their biggest walkout in more than 30 years. up to 2 million employees shut up to protest austerity measures they say will force them to work longer and pay more for pageants. -- or pay more for patients. the threat of strike at heathrow airport did not materialize after most immigration official showed up for work. >>> germany's unemployment dropped a record low in november. the figures show the jobless rate sank by 0.1%, 6.4%, the lowest in 20 years. 2.7 million people were out of four, 24,000 fewer than in october. >>> the unemployment rate in the 1
he opposes extending the powers of the ecb to help member states. >> it would buy a few months relief but not solve any problems. >> some of his colleagues see things differently. sweden says the ecb should step up its role, given the low inflation risks in the eurozone. >> price stability is secure in europe, so there is removed -- room to maneuver. >> the eu finance ministers are doing all they can to save the common currency, the time to come up with a response is...
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Nov 14, 2011
11/11
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>> the ecb like the fed, like the imf is a monetary institution. they can build bridges but they only build bridges. they need to be a bridge to somewhere and so far, the ecb has been a bridge to nowhere, not because of their fault, but because the others haven't stepped up. >> others meaning? >> the individual countries that need to step up reform effort, meaning germany that needs to decide how to strengthen the institution and private creditors who also have to contribute and carry part of the burden. >> and the united states all it can do even though this potentially has a huge impact on us, europe is our largest trading partner, our banks are connected, we can just watch from the sidelines. >> first, it has privately urged the europeans to get their act together. when that didn't work it went public. it started to publicly lecture europe. it didn't go to well. europe said wait a minute, we're here because of what happened to you in 2008. i think the reality is that every country, the u.s. and others, have to hope for the best but plan for the
>> the ecb like the fed, like the imf is a monetary institution. they can build bridges but they only build bridges. they need to be a bridge to somewhere and so far, the ecb has been a bridge to nowhere, not because of their fault, but because the others haven't stepped up. >> others meaning? >> the individual countries that need to step up reform effort, meaning germany that needs to decide how to strengthen the institution and private creditors who also have to contribute...
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Nov 11, 2011
11/11
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germany will not agree to the ecb printing money. it is -- the germans are hypersensitive to the idea that the ecb could be used to help countries in difficulty. when it comes to big economies like italy, the german government is hoping that tough economic reforms may be in not to help italy saved itself. >> the most important step is to be done by italy itself. it needs a stable, reliable government and clear commitment to domestic reform. >> samamp -- some mp's are prepared to see countries in trouble to leave the euro zone. >> members of the euro zone which cannot reach significant competitiveness, will reach a point where there might be no alternative. >> but of the chancellor's key economic advisers says more funds may be needed to shore up the euro. >> we are in a situation where bank investors have lost the confidence. we need a bold step that guarantees sovereign bonds without limitations. >> the big question for germany remains unanswered. if it becomes necessary, will it act as the main guarantor of the euro zone's? debts?
germany will not agree to the ecb printing money. it is -- the germans are hypersensitive to the idea that the ecb could be used to help countries in difficulty. when it comes to big economies like italy, the german government is hoping that tough economic reforms may be in not to help italy saved itself. >> the most important step is to be done by italy itself. it needs a stable, reliable government and clear commitment to domestic reform. >> samamp -- some mp's are prepared to see...
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Nov 16, 2011
11/11
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that is about to the esfs and ecb. there is another conversation about initiating plants that provide growth as well as austerity in peripheral europe. both of those conversations need to happen. half measures do not get you halfway there, they make it worse. we learned that in the u.s. >> buying european debt is the only way out, true or false? >> is the most natural way out. there may be other ways. they have to be mobilized and demonstrated. i thought anyone in the official sector who invested their credibility in the esfs was putting their credibility at a substantial risk. how could anyone suppose that people would a value insurance from a group of officials who were not recognizing there was a default in greece? it is like buying crash insurance from the pilot. it is not a viable mechanism and i think there has been a consistent failure in europe. it is not like we have never made a mistake like this in the united states but there has been a failure in europe and in the imf to recognize that credibility is someth
that is about to the esfs and ecb. there is another conversation about initiating plants that provide growth as well as austerity in peripheral europe. both of those conversations need to happen. half measures do not get you halfway there, they make it worse. we learned that in the u.s. >> buying european debt is the only way out, true or false? >> is the most natural way out. there may be other ways. they have to be mobilized and demonstrated. i thought anyone in the official...
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Nov 7, 2011
11/11
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CSPAN
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it is for the eurozone and the ecb, european central bank, to support the euro. global action cannot be a substitute for concrete action by the eurozone. the g-20 withheld specific imf commitment at this stage precisely because he wanted to see more concrete action from eurozone countries to make the fire wall credible and stand behind their currency. the world sent a clear message to eurozone at this summit -- sort yourselves out and then we will help, not the other way around. mr. speaker, these are difficult times for the global economy. the government is focused on one objective -- help britain weather the storm and safeguard our economy. because of the tough situations with taken to get to grips with deficit, britain has awarded the -- avoided the worst at this stage of the global debt crisis. in 2008, u.k. bond yields were about the same as those increase. today, although we of the second highest deficit in the eu behind ireland, are bond yields are almost the same as in germany and around the lowest they have been since world war ii. this is because we hav
it is for the eurozone and the ecb, european central bank, to support the euro. global action cannot be a substitute for concrete action by the eurozone. the g-20 withheld specific imf commitment at this stage precisely because he wanted to see more concrete action from eurozone countries to make the fire wall credible and stand behind their currency. the world sent a clear message to eurozone at this summit -- sort yourselves out and then we will help, not the other way around. mr. speaker,...
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Nov 12, 2011
11/11
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going back to the point why not let the ecb print money. that goods to deep european fears about hyperinflation. there's deep psychological stuff hindering efforts. >> if you are greek and you've been under this austerity program for sometime already, all these european countries have been cutting back, your economy is already recessionary, if not close to it in many places in europe. you're asked to do more to save investors in another country. this is unappealing for everybody involved. >> you have the greeks running a primary -- greek actually now -- not today. greece today is on the verge of running a primary surplus. that is, if greece defaulted on its debts, were not going to pay, their current budget on the verge of surplus. you're starting to hear some greeks say let's forget about europe. >> italy is at the forefront of the problem with italy partly demographic, huge entitlement programs. the birth rate is 1.2 per married couple. they have all these people retiring and no kids. >> rana, chrystia, stephen say where you are. normally
going back to the point why not let the ecb print money. that goods to deep european fears about hyperinflation. there's deep psychological stuff hindering efforts. >> if you are greek and you've been under this austerity program for sometime already, all these european countries have been cutting back, your economy is already recessionary, if not close to it in many places in europe. you're asked to do more to save investors in another country. this is unappealing for everybody involved....
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Nov 8, 2011
11/11
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CSPAN2
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it is for the eurozone and the ecb, european central bank, to support the euro. global action cannot be a substitute for concrete action by the eurozone. the g-20 withheld specific imf commitment at this stage precisely because he wanted to see more concrete action from eurozone countries to make the fire wall credible and stand behind their currency. the world sent a clear message to eurozone at this summit -- sort yourselves out and then we will help, not the other way around. mr. speaker, these are difficult times for the global economy. the government is focused on one objective -- help britain weather the storm and safeguard our economy. because of the tough situations with taken to get to grips with deficit, britain has awarded the -- avoided the worst at this stage of the global debt crisis. in 2008, u.k. bond yields were about the same as those increase. today, although we of the second highest deficit in the eu behind ireland, are bond yields are almost the same as in germany and around the lowest they have been since world war ii. this is because we hav
it is for the eurozone and the ecb, european central bank, to support the euro. global action cannot be a substitute for concrete action by the eurozone. the g-20 withheld specific imf commitment at this stage precisely because he wanted to see more concrete action from eurozone countries to make the fire wall credible and stand behind their currency. the world sent a clear message to eurozone at this summit -- sort yourselves out and then we will help, not the other way around. mr. speaker,...
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Nov 13, 2011
11/11
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and so far the ecb has been a bridge to nowhere. not because of their fault but because the other haven't stepped up. >> others meaning -- >> meaning the individual countries that need to step up their reform effort. meaning germany that needs to decide on how to strengthen the institution underpinning. and private creditors who also have to contribute. they also have to carry part of the burden. this is not a burden that the ecb can or should lift on its own. >> and the united states, tall did -- all it can do even though it has impact on our largest trading partner, our banks are connected, we can watch from the sidelines? >> the u.s. has done two things. first, it has privately urged europeans to get their act together. when they didn't work, it went public. it started to publicly lecture europe which didn't go down too well. europe said, wait a minute, we're here because of what happened to you in 2008. i think the reality is that every country, the u.s. and others, have to hope for the best but plan for the worst. which means h
and so far the ecb has been a bridge to nowhere. not because of their fault but because the other haven't stepped up. >> others meaning -- >> meaning the individual countries that need to step up their reform effort. meaning germany that needs to decide on how to strengthen the institution underpinning. and private creditors who also have to contribute. they also have to carry part of the burden. this is not a burden that the ecb can or should lift on its own. >> and the...
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a further sign that the ecb may have to wade in furlt, it bought $13 billion of distressed bonds last week. more than double than the week before. despite that support, the yield on italian bonds has shown no sign of falling. what's going on in you're watching "world business today." he's got success in the bag or actually not the bag. james dyson, the inventor of the bagless vacuum asset his sights on other ideas. we'll hear from dyson next. watch this. on one hand, you have your home insurance with one company. and on another hand, you have your auto with another. and on another hand, you have your life with another. but when you bundle them all together with nationwide insurance, they all work together perfectly and you could save 25%. wow... it's all in the wrists. ♪ nationwide is on your side ♪ >>> welcome back. you're watching "world business today" live on cnn. a lot of people minot so recognize this particular logo, they might have heard of a product which made the company, dyson, a household name. dyson is in fact the brainchild of james dyson, an english man with a passi
a further sign that the ecb may have to wade in furlt, it bought $13 billion of distressed bonds last week. more than double than the week before. despite that support, the yield on italian bonds has shown no sign of falling. what's going on in you're watching "world business today." he's got success in the bag or actually not the bag. james dyson, the inventor of the bagless vacuum asset his sights on other ideas. we'll hear from dyson next. watch this. on one hand, you have your...
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Nov 29, 2011
11/11
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WJLA
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>> ecb it all. >> -- you see it all. >> they give dozens of calls from passengers claiming they have been kicked off a flight for what they were wearing. by publishing these rules the flight crews and passengers can all be on the same plane. >> we always dress up for the weather forecast. >>> you are very appropriate tonight. >> i hope so. we have been way above average the past few days, but nobody is complaining about that. here are the rainfall totals and temperatures. just a little sampling around the area. temperatures are in the upper 40's. as far as what is going to happen next around the area, we will regroup. i think this thing has a mind of its own. pretend you saw nothing the last few seconds. as far as the wind gusts 34 miles per hour. the wins will diminish, but we will stay on the breezy side. 66 was a morning high temperature. the rain has moved off to the east. a few showers to the south and west of the area. we may see an isolated shower late tonight. meanwhile, the cold there is wrapping around the storm center in cleveland right now. all that is going to stay well
>> ecb it all. >> -- you see it all. >> they give dozens of calls from passengers claiming they have been kicked off a flight for what they were wearing. by publishing these rules the flight crews and passengers can all be on the same plane. >> we always dress up for the weather forecast. >>> you are very appropriate tonight. >> i hope so. we have been way above average the past few days, but nobody is complaining about that. here are the rainfall totals...
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Nov 18, 2011
11/11
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CSPAN2
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that is about to the esfs and ecb. there is another conversation about initiating plants that provide growth as well as austerity in peripheral europe. both of those conversations need to happen. half measures do not get you halfway there, they make it worse. we learned that in the u.s. >> buying european debt is the only way out, true or false? >> is the most natural way out. there may be other ways. they have to be mobilized and demonstrated. i thought anyone in the official sector who invested their credibility in the esfs was putting their credibility at a substantial risk. how could anyone suppose that people would a value insurance from a group of officials who were not recognizing there was a default in greece? it is like buying crash insurance from the pilot. it is not a viable mechanism and i think there has been a consistent failure in europe. it is not like we have never made a mistake like this in the united states but there has been a failure in europe and in the imf to recognize that credibility is someth
that is about to the esfs and ecb. there is another conversation about initiating plants that provide growth as well as austerity in peripheral europe. both of those conversations need to happen. half measures do not get you halfway there, they make it worse. we learned that in the u.s. >> buying european debt is the only way out, true or false? >> is the most natural way out. there may be other ways. they have to be mobilized and demonstrated. i thought anyone in the official...
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90
Nov 14, 2011
11/11
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CNN
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ecb as the financial vehicle with sufficient clout. and that's difficult. it's difficult for germany to accept. and it's difficult for the ecb to do it at the moment because it would be in direct breach of the lisbon treaty. >> solidarity with the rest of the world. >> reporter: the lisbon treaty, 784 pages with annexes, which had to be ratified by all 27 eu members. one reason that the eu has not been a definition of agility. the bigger question can the less dynamic economies of southern europe be made to behave like industrious germany? if not -- >> the core countries will say that was the best we had. these people are just not going to do what they're supposed to do. we're not going to allow the european central bank to print money to bail them out and we won't change our own policies. so actually one way or another, we have to dismantle this. >> reporter: but if the euro zone can be saved, what about the eu members like britain, poland and sweden that never adopted the single currency? they'll be even more out of step. the euro may survive, but the euro
ecb as the financial vehicle with sufficient clout. and that's difficult. it's difficult for germany to accept. and it's difficult for the ecb to do it at the moment because it would be in direct breach of the lisbon treaty. >> solidarity with the rest of the world. >> reporter: the lisbon treaty, 784 pages with annexes, which had to be ratified by all 27 eu members. one reason that the eu has not been a definition of agility. the bigger question can the less dynamic economies of...
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Nov 4, 2011
11/11
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. >> the new head of the ecb is all smiles for the cameras, even though he has taken over at a time of crisis in europe. in his first big announcement took everybody by surprise, he cut in interest rates. introduced, said mario draghi, to counter fears of recession. >> there is particularly high 4muncertainty and intensified downside risk. some of these risks have been materializing, which makes a significant downward revision to focus and revisions to real gdp growth in 2012 very likely. >> but there were no near -- no new announcements on the controversy all bond measure. but draghi stressed this is a temporary measure. >> it is not in the treaty, and i have nothing to add to that. it is not in the treaty. >> and with that, he was off to the g-20 summit in southern france, where the discussions on europe's economicu future are certain to continue. >> the stock market was soaring on thursday. the german dax closed today's session up by 2.81%. across the atlantic, the dow tjones industrials have also closed up by 1.76%. the hero is trading for one u.s. $38. -- for $1.38. new alassane h
. >> the new head of the ecb is all smiles for the cameras, even though he has taken over at a time of crisis in europe. in his first big announcement took everybody by surprise, he cut in interest rates. introduced, said mario draghi, to counter fears of recession. >> there is particularly high 4muncertainty and intensified downside risk. some of these risks have been materializing, which makes a significant downward revision to focus and revisions to real gdp growth in 2012 very...
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Nov 1, 2011
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the ecb continuing to buy their bonds and keeping the yield lower. >> could a referendum and a vote against the austerity measures put to the euro -- but the survival of the euro in debt -- in doubt? >> there is a lot of core countries that are very much committed to keeping the euro. it escalates the question of greece's participation in the euro zone. there are question marks about that in the longer term now. that does increase the risk of a much greater default. >> the court martial of the american soldier accused of killing afghan civilians for sports has begun in washington state. the army staff sergeant is accused of beating a troop of renegade soldiers. if convicted, he could face life in prison without parole. >> staff sgt, the unit commander and the man accused of leading what they called a killed team in afghanistan. the renegade troops used the chaos of fighting insurgency in southern afghanistan to target civilians. specialist item when field turned witness and testified to army investigators about the kill team. >> did you say kill team? what did he mean by that? are we talkin
the ecb continuing to buy their bonds and keeping the yield lower. >> could a referendum and a vote against the austerity measures put to the euro -- but the survival of the euro in debt -- in doubt? >> there is a lot of core countries that are very much committed to keeping the euro. it escalates the question of greece's participation in the euro zone. there are question marks about that in the longer term now. that does increase the risk of a much greater default. >> the...
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Nov 5, 2011
11/11
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the only big swing this week was the central bank in europe, the ecb lowering interest rates. >> let's get a look at the numbers in frankfurt, the blue- chip closed down. the u.s. also deep in negative territory. euro trading at $1.7771. >> of unusual experiment in simulating a mission to mars has ended in moscow. astronauts have emerged from a mock space ship after being kept theire. >> after 520 day the six volunteers emerged from their mockup spacecraft. they were greeted like returning heroes. >> is really great. -- it is really great. we have achieved, honor, the longest space voyage ever. >> these were their homes for over a year-and-a-half, participating in experiments and closely monitored. their goal would be to see how they would respond to living in close proximity with minimum privacy, no sunlight, no fresh air, and no fresh food. >> there were a set of unique conditions where we could monitor six subjects over a long period. >> the mission even included a simulated rock on the surface of mars. the chinese researchers that conducted the experiment said a real mission could
the only big swing this week was the central bank in europe, the ecb lowering interest rates. >> let's get a look at the numbers in frankfurt, the blue- chip closed down. the u.s. also deep in negative territory. euro trading at $1.7771. >> of unusual experiment in simulating a mission to mars has ended in moscow. astronauts have emerged from a mock space ship after being kept theire. >> after 520 day the six volunteers emerged from their mockup spacecraft. they were greeted...
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Nov 14, 2011
11/11
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KCSMMHZ
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that means a clear no to a more aggressive role for the ecb. a very clear yes to what the chancellor called mort europe, meeting more fiscal and political integration. we heard a rousing compelling speeches from both the chancellor and the finance minister. sometimes quite emotional on the need for continuing german commitment and leadership. we saw a clear consensus emerged that the cdu is a pro-europe party that wants to rise to the challenge. >> there was some concern that angela merkel is moving too far to the left. what are you hearing? >> that is right. you could sum up the direction at the party conference over the past year as a shift towards the middle, a shift away from that neo-liberalism toward a more compassionate conservative. that has been most visible. about adoption of a form of a minimum-wage. critics say that takes the party too far away from its core values. it is all about the election opportunism, but the chancellor says, this is about the central christian ethics. >> thank you for that during much. -- very much. >> intern
that means a clear no to a more aggressive role for the ecb. a very clear yes to what the chancellor called mort europe, meeting more fiscal and political integration. we heard a rousing compelling speeches from both the chancellor and the finance minister. sometimes quite emotional on the need for continuing german commitment and leadership. we saw a clear consensus emerged that the cdu is a pro-europe party that wants to rise to the challenge. >> there was some concern that angela...
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Nov 24, 2011
11/11
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. >> we all stated our confidence in the ecb and its leaders. we must refrain from making demands, whether positive or negative. >> leaders must convince the rest of the euro zone to accept stricter in debt policies. >> no agreement on the condition of the euro bonds. what does the future hold for the euro? we put that question to our brussels correspondent. >> it is hard to see. we have that many of those meetings. the focus on the attention is early december, when there is another summit of the 27 euro leaders. to get their act together and to square things with brussels, it has not worked. it cannot work overnight. it is difficult to see where we go from here. something has to give. this meeting today in strasbourg did not resolve that. mario monti did not prove that he is going to be effective in that role. there is a lot to play it between that and the next crucial summit in early december. >> thank you. deserters and syria have reported 18 members of the country's security forces in two separate attacks. the freeze syrian army, which is ba
. >> we all stated our confidence in the ecb and its leaders. we must refrain from making demands, whether positive or negative. >> leaders must convince the rest of the euro zone to accept stricter in debt policies. >> no agreement on the condition of the euro bonds. what does the future hold for the euro? we put that question to our brussels correspondent. >> it is hard to see. we have that many of those meetings. the focus on the attention is early december, when...
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Nov 8, 2011
11/11
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stocks turned higher in late trading after comments from an ecb official alleviated worries about the euro zone debt issues. to see how things are kicking off in japan, let's go to the tokyo stock exchange. how are markets reacting this tuesday morning? >> good morning. the european central bank came out and said he expected the euro zone debt issues to be resolved within two years, and that helped clear up a little concerns after we saw italian bond yields as you mention there hitting record highs as a result of greece's debt problems, all batched together. that is a major worry for markets. let's look at opening levels for the nikkei and topix. both trading lower. down 16 points for nikkei, and topix 647. they may trade in a range today, and on lower than average volume that we saw yesterday as well, and that's because we have some major earning results due out later after the bell from toyota. and that will wrap up the earnings results from the big three autos after honda and nissan. that will be a focus for investors. flooding in thailand, strong yen, and the recovery from the mar
stocks turned higher in late trading after comments from an ecb official alleviated worries about the euro zone debt issues. to see how things are kicking off in japan, let's go to the tokyo stock exchange. how are markets reacting this tuesday morning? >> good morning. the european central bank came out and said he expected the euro zone debt issues to be resolved within two years, and that helped clear up a little concerns after we saw italian bond yields as you mention there hitting...
WHUT (Howard University Television)
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Nov 24, 2011
11/11
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WHUT
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we have proposals on that which have nothing to do with the ecb. >> plenty for mario monti to ponder as he takes on the task of turning the italian economy around. his country is too big to fail but too big to bail. the eurozone needs him to the liver. >> and we share our thoughts about the situation. we agree that the health of the eurozone is the party. it is fundamental that the zero states. >> -- we agree that the health of the eurozone is the priority. it is fundamental that the euro stays. >> the indian cabinet has approved its biggest economic reform in years, opening up the vast retail markets to foreign supermarkets. that paves the way for companies such as wal-mart, the world's largest retailer, to access the lucrative indian retail sector. three bombs have exploded in basrah killing 19 people and wounding at least 60. the explosions tore through a market in the city center. many of the dead are police called to the scene after the first blast. silver berlusconi has failed to keep evidence to be used in his intention. -- injunction. this weekend should mark the beginning of
we have proposals on that which have nothing to do with the ecb. >> plenty for mario monti to ponder as he takes on the task of turning the italian economy around. his country is too big to fail but too big to bail. the eurozone needs him to the liver. >> and we share our thoughts about the situation. we agree that the health of the eurozone is the party. it is fundamental that the zero states. >> -- we agree that the health of the eurozone is the priority. it is fundamental...
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Nov 11, 2011
11/11
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germany will not agree to the ecb printing money. it is the weight of history that makes germans hypersensitive to the idea that the european central bank could be used to help countries in difficulty. when it comes to big economies like italy, at the german government is still hoping that tough economic reforms may be enough to help italy set itself. >> the most important step is to be done by italy itself. indeed they stable, reliable government. -- it needs a stable, reliable government. >> some mps are prepared to see countries in trouble leave the euro zone. >> member states of the euro zone which cannot reach sufficient competitiveness will reach a point in which they might be no alternative than to leave. >> one of chancellor murkowski advisers says more funds may be needed -- one of chancellor merkel's advisers says more funds may be needed to shore up the euro zone. >> we need a bold step that guarantees sovereign bonds without any limitation. >> the big country -- the big question for germany remains unanswered. will it act
germany will not agree to the ecb printing money. it is the weight of history that makes germans hypersensitive to the idea that the european central bank could be used to help countries in difficulty. when it comes to big economies like italy, at the german government is still hoping that tough economic reforms may be enough to help italy set itself. >> the most important step is to be done by italy itself. indeed they stable, reliable government. -- it needs a stable, reliable...
WHUT (Howard University Television)
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Nov 1, 2011
11/11
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. >> -- the ecb. >> the european bank. >> in my judgment. >> what is george papandreou playing at? >> what i think he has realized is, the party is no longer able to carry the sole responsibility of implementing the austerity programs. he is trying to call the bluff of the main greek opposition party that has been telling the greek people, look, we oppose the imf programs, and we're going to go to washington and negotiate a better deal. that is a big lie. is a cynical political tragedy. -- that is a cynical political strategy. he basically wants it that leverage to force the party to either go into government, or maybe have new, fresh elections in increase, but under the premise that his party will agree that they are fundamentally a pro-european party and remain in the euro area and they will support going forward with the imf program. >> mr. to guard, thank you for joining us. >> my pleasure. >> as we have already noted, grace is far from alone in its -- greece is far from alone in its economic troubles. sylvia boroughs tony's -- silvio berlusconi is also having problems. met the
. >> -- the ecb. >> the european bank. >> in my judgment. >> what is george papandreou playing at? >> what i think he has realized is, the party is no longer able to carry the sole responsibility of implementing the austerity programs. he is trying to call the bluff of the main greek opposition party that has been telling the greek people, look, we oppose the imf programs, and we're going to go to washington and negotiate a better deal. that is a big lie. is a...
WHUT (Howard University Television)
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Nov 11, 2011
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germany is worried about the consequences of the ecb printing more money. a bailout would remove the pressure on debt-ridden countries to reform. they also had some advice for britain. >> i find it odd that the british don't have the euro but they are constantly giving this advice as to what we should do. they don't want to help in anyway. >> back in italy, silvio berlusconi headed off for what might be his official -- might be his last official engagement as prime minister. the news calmed the market's. they know that the euro is in a critical condition. >> for more on the political upheaval that rocked italy this week, i spoke with our correspondent in rome. the pace of change really seems to be gathering speed. where is this increased sense of urgency coming from? >> it is pretty easy to say where it is not coming from. we had president obama talking about the situation. the eurozone has been focusing on italy for a long time and the market has been going through turmoil. this is really getting through to the politician that there is a sense of increased
germany is worried about the consequences of the ecb printing more money. a bailout would remove the pressure on debt-ridden countries to reform. they also had some advice for britain. >> i find it odd that the british don't have the euro but they are constantly giving this advice as to what we should do. they don't want to help in anyway. >> back in italy, silvio berlusconi headed off for what might be his official -- might be his last official engagement as prime minister. the...
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Nov 4, 2011
11/11
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but the new president had little time for the idea that the ec might save the euro - - ecb might save the euro. >> it is not in the treaty. i have nothing to add to that. it is not in the treaty. on the second question -- actually, i have a question for you. what makes you think that to become the lender of last resort for government is what you need together?e eurozone >> that might go out and history as a country for the first time publicly contemplates leaving the bureau -- euro. >> we have breaking news coming through now, an accident at a coal mine in central china has killed four people and attract 57 on the ground. the incident happened in this city of 2 million people. there were working in the shaft and 40 of them escaped. it is a major enterprise in hunan province. i believe you have got more on a betting scam that cost three cricketeers their jobs? >> the four part time internationals, they and their agents on out in prison. he were sentenced in london last year. the former captain and the rest were all convicted on wednesday. it is the first time in half a century for a sp
but the new president had little time for the idea that the ec might save the euro - - ecb might save the euro. >> it is not in the treaty. i have nothing to add to that. it is not in the treaty. on the second question -- actually, i have a question for you. what makes you think that to become the lender of last resort for government is what you need together?e eurozone >> that might go out and history as a country for the first time publicly contemplates leaving the bureau -- euro....